Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan

On Tuesday, the company announced successful raising of Rs 807.83 crore by way of issuance of Non-Convertible Debentures

Indiabulls Housing Finance shares jumped 4 per cent to Rs 216.80 on the BSE in the intra-day trade on Wednesday buoyed by the company's fund raising plan. After successfully raising Rs 807.83 crore, it now plans to raise another $165 million.

At 10:30 am, the stock quoted 3 per cent higher at Rs 214.80 on the BSE. The counter saw a combined volume of around 7.84 million shares on the BSE and NSE changing hands till the time of writing of this report. The stock has been a notable underperformer since June 7 and has declined as much as 25